He told ZDNet Australia that the ATO takes privacy and security issues very seriously when dealing with personal financial information.
'We match around 500 million data records every year from various professions,' said Barlow. Computers carry out automatic checks first and then if a match is made, the system flags it for an ATO employee to follow-up. Once the tax office has received the records from eBay and the Trading Post, it will commence matching the data against tax returns. Senior assistant commissioner Chris Barlow told ZDNet Australia that the tax office was currently receiving approximately 30,000 online account records from eBay and the Trading Post for matching. (Looking for clues image by Casey Fleser, CC2.0)īusinesses that have sold more than $20,000 in goods and services online would be subject to the matching process. The ATO is looking for eBay and Trading Post users who have under-reported income generated from online sales.
